REGISTERED NUMBER: 01935971 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Sovereign Refrigeration Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R F Evans

SECRETARY:

C Evans

REGISTERED OFFICE:

Unit 5/12 Birchbrook Industrial Park

Lynn Lane

Shenstone

Lichfield

Staffordshire

WS14 0DJ

REGISTERED NUMBER:

01935971 (England and Wales)

ACCOUNTANTS:

N R Penn & Co Limited

The Association Of Accounting Technicians

5 Load Street

Bewdley

Worcestershire

DY12 2AF

FIXED ASSETS

Intangible assets

4

15,297

23,724

Tangible assets

5

654,287

622,202

669,584

645,926

CURRENT ASSETS

Stocks

50,000

50,000

Debtors

6

2,299,312

2,137,741

Investments

7

250,000

250,000

Cash at bank and in hand

1,370,867

1,389,996

3,970,179

3,827,737

CREDITORS

Amounts falling due within one year

8

935,073

874,175

NET CURRENT ASSETS

3,035,106

2,953,562

TOTAL ASSETS LESS CURRENT LIABILITIES

3,704,690

3,599,488

CREDITORS

Amounts falling due after more than one year

9

(257,121

)

(471,894

)

PROVISIONS FOR LIABILITIES

(116,375

)

(114,597

)

NET ASSETS

3,331,194

3,012,997

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

3,331,186

3,012,989

3,331,194

3,012,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2026 and were signed by:

R F Evans - Director

1.	STATUTORY INFORMATION

Sovereign Refrigeration Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold

property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 35 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

84,275

AMORTISATION

At 1 December 2024

60,551

Charge for year

8,427

At 30 November 2025

68,978

NET BOOK VALUE

At 30 November 2025

15,297

At 30 November 2024

23,724

5.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 December 2024

176,795

310,482

894,389

1,381,666

Additions

-

101,015

171,369

272,384

Disposals

-

-

(178,225

)

(178,225

)

At 30 November 2025

176,795

411,497

887,533

1,475,825

DEPRECIATION

At 1 December 2024

106,079

204,303

449,082

759,464

Charge for year

17,680

31,079

141,711

190,470

Eliminated on disposal

-

-

(128,396

)

(128,396

)

At 30 November 2025

123,759

235,382

462,397

821,538

NET BOOK VALUE

At 30 November 2025

53,036

176,115

425,136

654,287

At 30 November 2024

70,716

106,179

445,307

622,202

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

785,954

575,134

Other debtors

1,513,358

1,562,607

2,299,312

2,137,741

7.	CURRENT ASSET INVESTMENTS

30.11.25

30.11.24

£

£

Investment bonds

250,000

250,000

At 30th November 2025 the investment had a market value of £325166.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

90,000

130,000

Hire purchase contracts

113,678

90,000

Trade creditors

324,492

237,509

Taxation and social security

390,207

384,012

Other creditors

16,696

32,654

935,073

874,175

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

186,593

305,965

Hire purchase contracts

70,528

165,929

257,121

471,894

10.	RELATED PARTY DISCLOSURES

At 30th November 2025 the company was owed £1186906 (2024: £1227491) from Sovereign Group Holdings Limited, the company's parent company.

11.	PARENT COMPANY

The company is a wholly owned subsidiary of Sovereign Group Holdings Limited (13096752) a company incorporated in England and Wales.